Types of business - F4

What type of business is owned by ONE person?

• Partnership

• Franchise

• Limited liability company

• Sole trader

What type of business has unlimited liability?

• Corporation
• Partnership
• Limited liability company
• Sole trader

KFC, Mc Donald's and Haagen-Dazs are examples of what type of business?

• Franchise

• Partnerships

• Private limited companies

• Public limited companies

What type of business allows individuals to purchase shares via the stock market?

• Non-profit organization

• Private limited

• Social enterprise

• Public limited

What type of companies must individuals be invited to invest in to become shareholders?

• Public limited

• Corporations

• Sole traders

• Private limited

What type of business is formed by a group of individuals who have similar interests ?

• Sole trader

• Partnership

• Franchise

• Public limited company

What type of business is the most difficult to set up?

• Sole trader

• Public limited

• Private limited

• Franchise

What type of business involved purchasing the license to own and operate a branch of an already existing brand?

• Franchise

• Public limited

• Sole trader

• Social enterprise

Which type of business does NOT require the sharing of profits

• Partnership

• Social enterprise

• Sole trader

• Public limited company

What type of business MUST publish their financial statements for public viewing?

• Public limited

• Private limited

• Sole trader

• Partnership